SEBI's new proposal on the expensive price of IPO after investors trapped billions of rupees in loss-making new age companies

Three more IPOs including PharmEasy approved, check details

[ad_1]

new Delhi. Market regulator SEBI has given approval to three more companies to bring their IPO. These companies include API Holdings Ltd, the parent company of online pharmacy PharmEasy, Wellness Forever Medicare Ltd and CMR Green Technologies Ltd.

Markets regulator SEBI on Monday said that the applications filed with it regarding the IPO by the three companies are being approved. These companies had applied before the Securities and Exchange Board of India (SEBI) between September-November 2021.

Know how much this company will raise

API Holdings Limited- According to the draft proposal, API Holdings is planning to raise Rs 6,250 crore through its IPO. During this, the company will issue new shares for sale. The founders and shareholders of the company are not selling shares in the IPO. According to the draft papers of the company, if this pre-IPO round is conducted, then the size of the IPO may be reduced.

Wellness Forever Medicare Limited- Wellness Forever plans to raise over Rs 1,500 crore through the issue. For this, 16,044,709 equity shares will be issued. Serum Institute of India (SII), the company’s major shareholder, will sell a majority of its shares in the offer-for-sale (OFS). SII currently holds 13.2 per cent stake in Wellness Forever Medicare Ltd. SII will sell its 35.5 lakh shares in this IPO.

CMR Green Technologies Limited- At the same time, CMR Green Tech will sell 33,414,138 shares held by promoters and old investors along with issuing new shares worth Rs 300 crore under the IPO. The proceeds from the IPO will be used to pay off debt and for general corporate purposes.

Tags: IPO, SEBI

[ad_2]

Read Article in हिन्दी

Leave a Comment

Your email address will not be published.